REI Lense

REI Lense

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$3,936 (target)

3420 Roman St, Metairie, LA 70001

3 beds • 2 baths • 2443 sqft

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This property looks like a bad Mid-Term investment with a projected -2.12% first-year return on $126k initial cash invested.

-2.12%

Cash On Cash

5.76%

Cap Rate

0.97

DSCR

$3,936

Rent

-$223

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,936 income − $4,159 expenses = $223 out of pocket

Income$3,936Out of Pocket$223Mortgage P&I$2,53965%Property Taxes$1033%Insurance$1805%Management$47212%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43311%

Investment Breakdown

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Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,936

Total Expenses

$4,159

Mortgage P&I

65%

$2,539

Property Taxes

3%

$103

Home Insurance

5%

$180

HOA

0%

$0

Property Management

12%

$472

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$433

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